Ex-WWE Star Ted Dibiase Jr Could Spend Rest Of Life In Prison If Convicted Of New Charges
Dibiase Jr charged with conspiracy, wire fraud, theft and money laundering.
Former WWE Superstar Ted Dibiase Jr could be sentenced to over 100 years in prison is he is convicted of theft charges.
The ex-Legacy man (real name Theodore Marvin DiBiase Jr) and son of Hall-Of-Famer Million Dollar Man Ted Dibiase has been hit with conspiracy, wire fraud, theft and money laundering charges that all have individual and lofty prison sentences attached.
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Per the United States Department Of Justice press release:
"According to court documents, Theodore Marvin DiBiase Jr., 40, of Madison, along with co-conspirators John Davis, Christi Webb, Nancy New, and others, are alleged to have fraudulently obtained federal funds – including from The Emergency Food Assistance Program (TEFAP) and the Temporary Assistance for Needy Families (TANF) program – that they misappropriated for their own personal use and benefit."
On charges and sentencing, the document added:
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"DiBiase is charged with one count of conspiracy to commit wire fraud and to commit theft concerning programs receiving federal funds, six counts of wire fraud, two counts of theft concerning programs receiving federal funds, and four counts of money laundering. If convicted, he faces a maximum penalty of five years in prison for the conspiracy count, a maximum penalty of 20 years in prison for each wire fraud count, and a maximum penalty of 10 years in prison for each count of theft concerning programs receiving federal funds and for each count of money laundering."
He's accused of using the money to buy a car, a boat and for a down payment on a home valued at $1.7 million. If found guilty on all charges, he the maximum sentence would total 175 years in prison.